The Impact of India's Ban on Rice Exports

India is a big rice exporter. We contribute to 40% of the global rice exports. Overnight all of this vanishes. This could affect nearly $1 billion worth of global rice contracts currently in place. That could push prices higher by another $100 per metric ton. And you can see why global prices are also inching north. If things take a turn for the worse, we might even soon have to import wheat at higher prices.